How best to organise family apple ids with one master ID for procurement

Im interested in thoughts of how to best organise multiple IDs and one family ID so I can control the procurement for my childrens accounts on their devices

Kovic,
Set up Family Sharing.  Make yourself the Family Organizer.  Enable "Ask to Buy" for each of the members.  See documents below for more details.
Note that as the Family Organizer, all purchases will go against your credit card unless the member has a credit balance.
Family Sharing - Apple Support
Request and make purchases with Ask to Buy - Apple Support

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